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Fly News Breaks for May 26, 2015
SAP, ORCL, CRM, MSFT
May 26, 2015 | 06:38 EDT
After CNBC reported Friday that Microsoft (MSFT) offered to acquire Salesforce (CRM) for $55B or $83 per share, Piper Jaffray analyst Katherine Egbert says the deal "makes a lot of sense." Such a deal would immediately make Microsoft a leader in enterprise cloud computing, Egbert tells investors in a research note. The combination would also make a new competitor to Oracle (ORCL) and SAP (SAP), the analyst adds. She keeps an Overweight rating on Microsoft with a $53 price target. Egbert models a takeout price for Salesforce near $85. The stock closed Friday at $75.01.
News For MSFT;CRM;ORCL;SAP From the Last 2 Days
MSFT
Mar 18, 2024 | 08:40 EDT
VERSES AI (VRSSF) announces that Alex Kipman, CEO and Founder of Analog AI has joined as a Strategic Advisor. Kipman spent over two decades at Microsoft (MSFT), most recently in the role of Corporate Vice President/Technical Fellow, Mixed Reality and Artificial intelligence.
ORCL
Mar 17, 2024 | 06:39 EDT
Oracle is no slouch when it comes to cloud computing and AI. But the strength of the company's position has only recently become clear to Wall Street, Eric J. Savitz writes in this week's edition of Barron's. Oracle continues to be a key provider of enterprise software applications and database software. Just this past week, the company announced new AI capabilities for some of its business apps. But the key driver for Oracle is now cloud computing-and the associated opportunity in artificial intelligence, the author notes. Despite a three-year rally in Oracle shares, the stock still looks cheaper on almost every measure than rival enterprise software companies, the publication adds. Reference Link